Disney and FuboTV just kicked off the 2025 media biz M&A sweepstakes with the merger of Fubo TV and Hulu + Live TV. What does the deal mean?

Disney and Fubu reached a merger agreement under which Disney will combine its Hulu + Live TV business with Fubo to create a new virtual multichannel video programming distributor.

In a surprising deal announced on Monday, Disney is set to combine its Hulu Live TV business with Fubo, the live TV streaming service known for its extensive sports coverage. Under the terms of the deal, Disney will own about 70% of Fubo, which will continue to be available to viewers as a separate offering.